Trump Issues Stark Warning: Sanctions Await Nations Engaging with Iranian Oil!
President Trump is warning of sanctions against nations that purchase from Iran. “Notice: All acquisitions of Iranian oil or petrochemical items must cease immediately! Trump mentioned Thursday in a social media update. “They are prohibited from engaging in any type of business with the United States.” It remains uncertain how Trump plans to enforce the […]
Trump threatens to slap sanctions, cut off business with countries that buy Iranian oil
President Trump on Thursday slapped secondary sanctions and threatened to cut off operations with foreign countries that buy Iranian petroleum products. He didn't specifically mention any country, but the threat appears to be the most involved in China. It explains As “the largest importer of Iranian oil,” he purchases approximately 1.6 million barrels per day. […]
Ukraine Signed Trump's Mineral Deal. Now What – Crude Oil Prices Today | OilPrice.com
The United States and Ukraine have signed an agreement that gives the United States access to Ukraine's valuable rare minerals in a contract that they hope to continue American support for Kiev in the war with Russia. The contract will establish the United-States-Aukraine Reconstruction Investment Fund, which the US Treasury said, “can “collaborative assets, talents […]
Trump Threatens Countries Purchasing Iranian Oil With Sanctions
Washington: US President Donald Trump said Thursday that all purchases of Iranian oil or petrochemicals must be suspended, and that countries or people who purchase from countries will soon be subject to secondary sanctions. “They wouldn't be allowed to do business in any form, form or form with the United States,” he added in a […]
Oil News: Bearish Oil Outlook as OPEC+ Production and Tariffs Weigh on Crude Futures – FXEmpire
China’s tariff exemption cannot ease the market’s nerves Despite China’s announcement of limited tariff exemptions on US imports, the move failed to significantly strengthen emotions. Beijing quickly denied President Trump’s claim. Saxo Bank analyst Ole Hansen said the long-term trade war among the world’s top consumers combined with speculation over the acceleration of OPEC+ production […]
Gavin Newsom Wants California Oil Refineries to Stay Open After ‘Demonizing’ Industry
Gov. Gavin Newsom (D-CA) has directed state officials to help oil refineries stay open in the state despite having “demonized” the industry for many years. Newsam Instructions State officials ensure reliable fuel supply for the country’s largest automotive market. The action comes just days after Ballero Energy said on Wednesday that it would permanently close […]
Trump Eyes Sovereign Wealth Fund to Back U.S. Mining – Crude Oil Prices Today | OilPrice.com
Washington is eliminating the possibility of the creation of the American Sovereign Wealth Fund (SWF) to compete with China’s state-controlled extraction industry by investing directly in miners both domestically and internationally as the administration screams to gather new and important mineral allies. The plan, revealed Thursday by Home Secretary Doug Burgham, who advises campaigns on […]
Trump admin will increase oil production in Gulf of America by 100K barrels a day under new drilling policy
WASHINGTON – The Home Office is helping to increase oil production in the newly renamed Gulf of America by 100,000 barrels per day following President Trump’s executive order aimed at “unlocking American energy.” Interior Secretary Doug Burgum announced that all offshore oil drilling in the Gulf Coast can draw multiple reservoirs at the same time, […]
Private equity firm is expanding to allow investments into US-based oil and gas
US Secretary of the Interior Doug Bergham breaks down President Donald Trump’s energy agenda and its impact on the US economy as part of Varney & Co. The Texas-based private equity firm is expanding various ways investors can leverage US-based energy projects. This month, the American Energy Fund announced it has expanded its asset support […]
Chinese-built oil supertankers could pay $5.2M per US port visit
According to new guidelines released by the Trump administration, supertankers built in China that transport oil to the US could be forced to pay a fee of up to $5.2 million per port call. Newly announced fees announced as part of the administration Plans to revive domestic shipbuilding industry While weaning the economy out of […]